Companies Going Through Downsizing Often Develop Compensation Programs That Tie

question 12

True/False

Companies going through downsizing often develop compensation programs that tie the individual's compensation to the company's success.

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Definitions:

Counter Check

A special bank check that allows a depositor to draw funds from his own account only, as when he has forgotten his checkbook.

Imprinted Checks

Checks that have been pre-printed with specific information, such as the payer's name and account details, to enhance security and reduce fraud.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Uncollectable Account

A debt or receivable that is considered to be uncollectible from a debtor, often because it is overdue or the debtor is unable to pay.